Brent oil to hit $65 by this summer, according to Goldman Sachs

Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019.
Nick Oxford | Reuters

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Goldman Sachs is pulling forward its oil forecast following OPEC's meeting last week as well as the Georgia run-off elections, both of which the firm said will help neutralize near-term risks.

Goldman now sees Brent hitting $65 per barrel by this summer, ahead of prior forecasts for the contract to reach that level by the end of the year.